NOFENCE AS: årsregnskap 2021 vs 2020
Grew 131% on revenue, weaker earnings, cash halved-plus
approved 2022-06-27; registry 2022-07-06; journal 2022 580728
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for NOFENCE AS. Revenue 26.56m NOK → 61.40m NOK (+131.2%). Net result -12.95m NOK → -20.94m NOK. Equity 33.75m NOK → 91.63m NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for NOFENCE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 26.56m NOK to 61.40m NOK (+131.2% YoY). Calculated
-
↑
Equity strengthened
Book equity 33.75m NOK → 91.63m NOK (equity ratio 56.6% → 74.5%). Calculated
-
↑
Owners injected capital
Paid-in equity rose 63.25m NOK → 142.07m NOK (+78.82m NOK). Reported fact
What deteriorated
-
↓
Operating result weakened
Operating result -15.90m NOK → -26.62m NOK (op. margin -59.9% → -43.4%). Calculated
-
↓
Net result weakened
Net result -12.95m NOK → -20.94m NOK (net margin -48.8% → -34.1%). Calculated
-
↓
Cash fell
Bank deposits 12.25m NOK → 843.4k NOK (-93.1% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (12.25m NOK → 843.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Payroll increased
Salary cost 7.30m NOK → 13.25m NOK (27% → 22% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 22.94m NOK → 56.25m NOK (+145.2% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 173 NOK → 9 351 NOK. Reported fact